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TerraMist Jewelers just issued ten-year bonds that pay annual coupon of $50. Suppose you purchased one of these bonds at par when it was issued.

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TerraMist Jewelers just issued ten-year bonds that pay annual coupon of $50. Suppose you purchased one of these bonds at par when it was issued. Right after your purchase, market interest rates jumped, and the YTM on your bond rose to 6%. What is the new price of you bond? Keep 2 decimals in your

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